Introducing RegTech and LawTech

Technology has had a transformative impact on our everyday lives, and continues to reshape the way businesses operate and interact with their customers. Yet the legal and regulatory industries have not fundamentally changed – at least not yet. But this is about to change. The rise of LawTech and RegTech promises to not only transform these centuries old professions, but also enable us to completely rethink and redesign the very basic concepts of trust, contracts, regulatory compliance, and access to justice. With that in mind, this introductory article explores how RegTech and LawTech are increasingly becoming central to overall digital transformation and compliance strategies.